Gold certificates may be revalued to unlock capital.
Bitcoin Act of 2025 gaining traction in Congress.
Bo Hines says interagency group exploring options.
Top economic advisers to President Biden are exploring how the United States can build a Bitcoin reserve without expanding the federal budget or increasing taxpayer burden.
According to Bo Hines, Executive Director of the President’s Council of Advisers on Digital Assets, the White House is evaluating creative financial mechanisms—including gold reserve revaluation and tariff revenues—to accumulate Bitcoin as a strategic asset.
Speaking in an interview with investor Anthony Pompliano at the White House, Hines outlined the administration’s intent to make the acquisition “budget neutral.”
The administration is working closely with the Departments of Commerce and the Treasury through a dedicated interagency group, focusing on solutions that repurpose surplus federal resources rather than drawing from new funding allocations.
Gold revaluation under review
One proposal gaining traction involves the revaluation of historical gold certificates held by the US Treasury. These certificates, recorded at around $43 per ounce, date back to when gold was pegged to a fixed price.
With current market rates exceeding $3,216 per ounce, the nominal value of these certificates no longer reflects their true worth.
The Bitcoin Act of 2025, introduced by Senator Cynthia Lummis, aims to adjust this outdated valuation. If passed, the bill could unlock billions in surplus capital.
The US government could then redeploy those funds into Bitcoin, establishing it as part of its long-term strategic reserve. Hines noted that the bill is still moving through Congress and its progress depends on legislative support.
Tariff funds in focus
The administration is also considering tariff revenue as a possible path to fund Bitcoin purchases. Amid increased protectionist measures and escalating trade tensions with China, Washington has collected a growing pool of tariff income.
Hines suggested this revenue, which originates from external sources and not domestic taxpayers, could be directed towards digital asset reserves.
This approach would avoid reshuffling existing budget lines and provide a sustainable mechanism to support the government’s Bitcoin acquisition strategy.
“There’s literally countless ways in which you can do this,” Hines said, referring to the various ongoing discussions across departments.
He added that everything remains under consideration as the administration looks for workable, non-inflationary models to strengthen national digital holdings.
Bitcoin as a strategic asset
Beyond funding mechanisms, the broader goal is to formally treat Bitcoin as a strategic asset, similar to how energy and gold have been historically classified.
At the Blockworks Digital Asset Summit 2025, Hines reiterated this vision, saying it is “imperative” for the United States to integrate digital assets into its reserves.
The move comes amid rising global competition, with BRICS countries developing blockchain-based payment systems to reduce reliance on the US dollar.
While the US maintains the world’s largest fiat reserves, the evolving monetary landscape is pushing Washington to modernise its approach to asset diversification.
Although no decisions have been finalised, the momentum for Bitcoin’s inclusion in federal reserves continues to grow.
If implemented, the combination of gold revaluation and tariff revenues could mark a historic shift in US monetary policy and its adoption of digital assets.
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